This edition of Griffith Review is one of several local journals to take the ‘global financial crisis’ as its latest theme. A range of writers address this ‘crisis’ and other ‘major recessions’ throughout history. The journal opens with Julianne Schultz’s essay about how the global economy has worsened following the collapse of Lehman Brothers in September 2008. Other contributors investigate the impact of recession upon the media, consumer culture, the banking industry and the workplace. Examples are drawn from Australia, Britain, America, China and Dubai. Reference is made to Gordon Gekko, the anti-hero of Oliver Stone’s film Wall Street (1987). Gekko’s mantra, ‘Greed is good’, has come to define the 1980s, but viewers, as Schultz observes, tend to ignore the battle between ‘local enterprises’ and ‘clever schemers’ that is central to Stone’s movie. Schultz suggests that the schemers appear to have won.